News releases

Rezidor announces the Park Inn City Centre Sochi in Russia

August 30, 2010

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, and the Regional Hotel Chain (RHC),
the leading dedicated regional hotel developer in Russia, announce the Park Inn City Centre Sochi. The hotel featuring
160 rooms is scheduled to open in 2013, in time for the 2014 Winter Olympics in Sochi. RHC is one of Rezidor’s
most important partners for future business development in Russia – in 2009 both companies have signed an
agreement for up to 20 Park Inn hotels centrally located across major cities in the country.

“With this new Park Inn, Rezidor now has five properties in operation and under development in and near Sochi
– this is a clear sign for our commitment to the region and to Russia as such”, comments Kurt Ritter,
President & CEO of Rezidor. “With our strategic focus on the regional hospitality sector development we
define Sochi as a top priority location and as the most dynamic investment region for international quality
accommodation of both leisure and business travellers”, adds Christian Meyer, Director International Partners at
RHC.

The Park Inn City Centre Sochi will be located in the heart of Sochi, adjacent to the main railway station. Besides
160 spacious and colourful guestrooms, the hotel will offer a restaurant, lounge bar, fitness room and business/meeting
facilities.

Sochi, the pearl of the “Russian Riviera”, is emerging as a trendy destination for travellers, evidenced
by its ever-rising number of visitors and its selection of American and European retail shops. Developers have
ambitious plans for Sochi and, in coordination with government-funded Olympic development, numerous projects are
underway to make Sochi a must-see international destination. In addition to its famous ski slopes, Sochi also attracts
visitors in the summertime, when its long stretch of Black Sea beaches beckons travellers. In spring, when the weather
favours, it is possible to challenge the slopes in the morning and lounge on the beach in the afternoon.

Park Inn is Rezidor’s young and dynamic midmarket brand – focusing on the essentials and attracting
guests with a stress free and comfortable stay. The rapidly growing brand has been launched in early 2003 only, and
today features 100 hotels in operation across Europe, Middle East and Africa.

The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio
of more than 400 hotels in operation and under development with more than 86,300 rooms in over 60 countries.

Rezidor operates the brands Radisson Blu Hotels & Resorts, Regent Hotels & Resorts, Park Inn and Country
Inns & Suites in Europe, Middle East and Africa, along with the goldpoints plusSM loyalty programme for frequent
hotel guests. Under a worldwide licence agreement with the iconic Italian fashion house Missoni, Rezidor also operates
and develops the new lifestyle brand Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson Companies is the main shareholder.